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2016-11-29 08:59:25

HPE

HP Enterprise

$23.34

0.12 (0.52%)

08:59

11/29/16

11/29

08:59

11/29/16

08:59

HP Enterprise unveils working prototype of 'the Machine,' WSJ reports

HP Enterprise unveiled its high-profile plan to deliver a new kind of computer, according to The Wall Street Journal. The company has created a working prototype of what it calls "the Machine," a system that leans on memory technology to boost calculating speed, the publication said, adding that HP Enterprise is not ready to set a timetable for a commercial version of the new computer, which will require novel memory chips that are not expected to be widely available until 2018. Reference Link

12

Dec

HPEHP Enterprise

$23.34

0.12 (0.52%)

11/23/16

BERN

11/23/16NO CHANGEBERN

HP Enterprise weakness creates buying opportunity, says Bernstein

After HP Enterprise reported lower than expected revenue but in-line EPS, Bernstein analyst A.M. Sacconaghi, Jr. says that the company's CSC and Enterprise Services unit continue to deliver good results. The analyst continues to believe that "the stock remains truly inexpensive," and that the weakness in the name creates a buying opportunity. Sacconaghi keeps a $24.50 price target and an Outperform rating on the shares.

11/23/16

OPCO

11/23/16NO CHANGETarget $25OPCOOutperform

Oppenheimer remains positive on HP Enterprise after results

Oppenheimer analyst Ittai Kidron notes that HP Enterprise (HPE) reported mixed results and says the macro and secular strains experienced by Cisco (CSCO) seem to have impacted the company as well. Nonetheless, the analyst believes HP Enterprise continues on its march to unlock value, and its two spin-offs remain on track. While he is positive long term and believes valuation is attractive, Kidron sees limited near-term upside given the challenges in the core EG business. The analyst reiterates an Outperform rating and $25 price target on HP Enterprise's shares.

Citi analyst Jim Suva raised his price target for HP Enterprise to $27 and keeps a Buy rating on the shares following the company's Q4 results. The stock is trading at a "big" discount to peers and its outlook is unchanged, Suva tells investors in a research note.